What is the Direct Housing Loan Facility for Overseas Filipino Workers?

The Direct Housing Loan Facility is designed to support the Government’s Pabahay sa Bagong Siglo Program which aims to provide socialized and low-cost housing to overseas Filipino workers.

The loan is payable in multiples of five (5) up to a maximum of thirty (30) years but not to exceed the economic life of the building and the difference between the age of the borrower and 70, whichever is shorter.